KEMET Adopts the Electronic Industry Code of Conduct
(NYSE: KEM) has announced today that it has officially adopted the Electronic
Industry Code of Conduct (EICC).
The EICC is a comprehensive code of conduct that addresses all aspects of
corporate responsibility including labor, health and safety, the environment,
and business ethics. It outlines standards to ensure working conditions in the
electronic industry supply chain are safe, that workers are treated with
respect and dignity, and that manufacturing processes are environmentally
friendly.
“KEMET’s Guiding Principles support a strong commitment to economic,
environmental, and socially sustainable development of our products. As a
result of this commitment, KEMET has adopted the Electronic Industry Code of
Conduct,” stated Per Loof, KEMET’s Chief Executive Officer. “KEMET strongly
believes that it is in the mutual interest of our employees, our customers,
and our suppliers to meet the present and future requirements of the markets
and society. This is done by demonstrating responsibility toward the people
taking part in the manufacture of products and services that make KEMET a
global leader within our industry. Therefore, KEMET is requiring compliance
with the EICC of all of its employees and organizations as well as all of its
suppliers.”
As part of the adoption of the EICC, KEMET is developing a comprehensive
corporate policy to address the core topics of the EICC, is establishing a
process for flow-down to suppliers, and has started to communicate the
adoption of the Code internally throughout KEMET and externally to their
supply base and customers.
KEMET Corporation (KEM) applies world-class service and quality to deliver
industry-leading, high-performance capacitance solutions to its customers
around the world. KEMET offers the world’s most complete line of surface-mount
and through-hole capacitor technologies across tantalum, ceramic, film,
aluminum, electrolytic, and paper dielectrics. KEMET’s common stock is listed
on The New York Stock Exchange under the symbol KEM. Additional information
about KEMET can be found at http://www.kemet.com .
CAUTIONARY STATEMENT ON FORWARD-LOOKING STATEMENTS
Certain statements included herein contain forward-looking statements
within the meaning of federal security laws about KEMET Corporation (the
“Company”) financial condition and results of operations that are based on
management’s current expectations, estimates and projections about the markets
in which the Company operates, as well as management’s beliefs and assumptions.
Words such as “expects,” “anticipates,” “believes,” “estimates,” variations of
such words and other similar expressions are intended to identify such
forward-looking statements. These statements are not guarantees of future
performance and involve certain risks, uncertainties and assumptions, which
are difficult to predict. Therefore, actual outcomes and results may differ
materially from what is expressed or forecasted in, or implied by, such
forward-looking statements. Readers are cautioned not to place undue reliance
on these forward-looking statements, which reflect management’s judgment only
as of the date hereof. The Company undertakes no obligation to update publicly
any of these forward-looking statements to reflect new information, future
events or otherwise.
Factors that may cause actual outcome and results to differ materially
from those expressed in, or implied by, these forward-looking statements
include, but are not necessarily limited to, availability, sourcing and
pricing of raw materials, pressures on sales prices and volumes due to
competition and economic conditions, reliance on and financial viability of
significant customers, operating performance of joint ventures, alliances and
other equity investments, technological advancements, employee relations,
changes in construction spending, capital expenditures and long-term
investments (including those related to unforeseen acquisition opportunities),
continued availability of financial resources through financing arrangements
and operations, outcomes of pending or threatened legal proceedings,
negotiation of new or modifications of existing contracts for asset management
and for property and equipment construction and acquisition, regulations
governing tax laws, other governmental and authoritative bodies’ policies and
legislation, and proceeds received from the sale of assets held for disposal.
In addition to these representative factors, forward-looking statements could
be impacted by general domestic and international economic and industry
conditions in the markets where the Company competes, such as changes in
currency exchange rates, interest and inflation rates, recession and other
economic and political factors over which the Company has no control. Other
risks and uncertainties may be described from time to time in the Company’s
other reports and filings with the Securities and Exchange Commission.
Contact: Dean W. Dimke
Director of Corporate and Investor Communications
954-766-2806
deandimke@kemet.com
SOURCE KEMET Corporation